Philosophical theories on the nature and origins of morality (that is, theories of meta-ethics) are broadly divided into two classes: Moral realism is the class of theories which hold that there are true moral statements that report objective moral facts.
As an S corporation, no corporate income tax would be levied. And when the income gets allocated to individual shareholders, they will probably pay a maximum rate of 40% to 44%. So that would mean around $400,000 to $440,000 in income taxes and then about $600,000 in leftover after tax profit.
Colorado Form 106. For any year that your S corp is doing business in Colorado, you must file Form 106: Income Tax Returns for Pass-Through Entities. The form is due three-and-a-half months after the end of the S corp's tax year, or April 17 for tax years that end in December.